IRSL IPO Details IPO Review and Analysis
Company Introduction
Infollion Research Services Ltd. (IRSL) is a B2B Human Cloud company that operates a tech-oriented work intermediation platform. The company facilitates knowledge-sharing sessions and provides flexi-staffing solutions, allowing businesses to leverage the expertise of experienced professionals.
Company Business Model
IRSL’s business model revolves around connecting clients with suitable experts based on their specific requirements, such as nature of work, duration, objectives, location, and pricing. The company employs a strong compliance framework and leverages its in-house research and networking capabilities to deliver high-quality hiring services.
With a focus on the premium segment of the gig economy, IRSL serves top-tier consulting firms, private equity funds, hedge funds, and mid-tier corporates. It acts as a marketplace for knowledge providers (gig workers) and knowledge seekers, offering a platform for them to connect and achieve mutually beneficial outcomes.
The company’s proprietary technology stack and research capabilities enable it to curate and vet precise subject matter experts. Its network consists of over 62,000 experts, including international and domestic professionals from various industries, such as senior management, subject matter experts, and seasoned professionals.
IRSL IPO Time Table
| IPO Opening Date | 29 May 2023 |
| IPO Closing Date | 31 May 2023 |
| Finalization of Basis of Allotment | 5 June 2023 |
| Initiation of refunds | 6 June 2023 |
| Transfer of shares to demat accounts | 7 June 2023 |
| IPO Listing Date | 8 June 2023 |
IRSL Financial details
IRSL has demonstrated consistent growth in its financial performance, with positive trends in both its top and bottom lines over the reported periods. This, along with favorable customer feedback, instills confidence in the management to sustain this growth trajectory.
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 1,597.01 | 2,198.46 | 3,503.09 |
| Expenses | 1,606.46 | 2,220.13 | 3,529.92 |
| Net income | 207.65 | 340.66 | 557.92 |
IRSL IPO Details
IRSL is planning to launch its maiden IPO, offering 2,616,000 equity shares through the book-building route. The IPO aims to raise funds for expansion, technology development, and general corporate purposes. Based on the company’s financial performance in FY23, the IPO is priced reasonably. Investors looking for medium to long-term rewards may consider participating in the IPO, considering IRSL’s unique value proposition and growth potential.
| Infollion Research IPO Dates | 29 – 31 May 2023 |
| Infollion Research IPO Price | INR 80 – 82 per share |
| Fresh issue | 22,24,000 shares (INR 17.79 – 18.24 crore) |
| Offer For Sale | 3,92,000 shares (INR 3.14 – 3.21 crore) |
| Total IPO size | 26,16,000 shares (INR 20.93 – 21.45 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 131,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Conclusion / Investment Strategy The company operates in a tech-oriented segment on a B2B model and has created a niche place. It has posted growth in its top and bottom lines for the reported periods. Based on its FY23 earnings, the issue appears reasonably priced. Post listing, it may attract first mover fancy. Investors may park funds for medium to long-term rewards.
Disclaimer: This is not investment advice. Investors should conduct their own research and consult with financial professionals before making investment decisions.
Infollion Research IPO Allotment Status
IPO allotment status will be available on Link Intime’s website. Click on this linkto get allotment status
Infollion Research Offer Lead Manager
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email: [email protected]
Website: www.holaniconsultants.co.in
Infollion Research Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: [email protected]
Website: www.linkintime.co.in
Infollion Research IPO FAQs
What is the Infollion Research offer size?
Infollion Research offer size is INR 21.45 crores.
What is the Infollion Research IPO Price Band?
Infollion Research public offer price is INR 80 – 82 per share.
What is the lot size of the Infollion IPO?
Infollion Research offer a lot size is 1,600 shares.
What is Infollion IPO GMP today?
Infollion Research IPO GMP today is INR 42 per share.
What is the Infollion kostak rate today?
Infollion Research kostak rate today is NA per application.
What is Infollion Subject to Sauda rate today?
Infollion Subject to Sauda rate today is INR 52,000 per application.
